US demand for high performance composites -- polymer materials containing
advanced fiber reinforcements -- is forecast to grow 15 percent per year to
$10.3 billion in 2016. Advances will represent a considerable improvement over
the pedestrian growth of the 2006- 2011 period, during which time composite
demand was hampered by a weak aerospace market and declines in military
applications. Going forward, high performance composite demand will be aided
by strong growth in the commercial airliner market, as well as emerging
opportunities in applications such as wind turbines and pressure vessels.
However, the high cost and labor-intensive production of advanced composites
compared to competitive materials will prevent these materials from
penetrating more highvolume and price-sensitive applications.
High performance composites are high strength, high stiffness materials that
feature lighter weight and better durability than aluminum and other metals.
Historically, these composites have been confined to military uses and
high-end sporting goods due to their much higher prices compared to
conventional glassfiber composites and metals. However, better production
processes, the development of lower-cost carbon fibers, and a greater focus on
lighter-weight components have allowed advanced composites to attract more
widespread attention.
Aerospace, wind turbine markets to see best growth
Aerospace markets will remain the leading outlet for high performance
composites in 2016, and will be by far the fastest-growing market. While
composites have long been used in military aircraft and helicopters, they are
beginning to penetrate the commercial airliner segment on a large scale as
well. In particular, the production ramp up of the Boeing 787 DREAMLINER,
which has more than 50 percent composite content, will stimulate the bulk of
gains in high performance composite demand. Rising production of other
composite-intensive aircraft, such as the Airbus A380 and A350 XWB, will also
benefit demand.
Outside of the aerospace applications, a strong area of growth for high
performance composites is the burgeoning wind energy market. In wind energy,
advances will be fueled by rising wind turbine installations as states seek to
meet renewable energy generation standards, as well as increased use of carbon
fiber composites. Much slower growth is expected for defense and safety
applications -- due to reduction of combat forces in Iraq and Afghanistan --
and the highly mature sporting goods market. The motor vehicle market, which
holds perhaps the greatest potential for high performance composites, will see
only moderate gains in demand, as widescale, large-volume use of automotive
composites will continue to be restrained by high cost and slow production
speeds.
Carbon fiber composites to remain dominant
Among product types, carbon fiber composites will continue to account for the
largest portion of demand, totaling 84 percent of the high performance market
in 2016. Carbon fiber composites will benefit from robust growth in the
aerospace market, as well as their versatility, good balance of mechanical
properties, and moderate cost compared with other high performance composites.
S-glass fiber composites -- the lowest-priced of all advanced composites --
will also see double-digit gains in demand, fueled by opportunities in
aerospace, wind energy, and pressure vessel markets. More moderate gains are
forecast for composites based on aramid and other fibers, restrained by the
slower-growing defense and safety composites market.
Study coverage
This Freedonia industry study, “High Performance
Composites”, presents historical demand data (2001, 2006, 2011) plus
forecasts for 2016 and 2021 by fiber, market and resin. The study also
considers market environment factors, assesses industry structure, evaluates
company market share and profiles US industry competitors.
This study can help you:
Determine your market & sales potential
Learn more about industry competitors
Assess new products & technologies
Identify firms to merge with or acquire
Complement your research & planning
Gather data for presentations
Confirm your own internal data
Make better business decisions
Freedonia's methods involve:
Establishing consistent economic and market forecasts
Using input/output ratios, flow charts and other economic methods to
quantify data
Employing in-house analysts who meet stringent quality standards
Interviewing key industry participants, experts and end users
Researching a proprietary database that includes trade publications,
government reports and corporate literature
Table of Contents
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Overview
Consumer Income & Spending
Manufacturing Outlook
Fiber-Reinforced Plastics Outlook
Technology
Composites Overview
Composite Processing
Competitive Materials
Regulatory Issues
Recycling
Historical Market Trends
Pricing Trends
Foreign Trade
International Activity
III. FIBERS
General
Fiber Materials
Carbon Fiber
Materials
Producers
Composites
S-Glass
Materials
Producers
Composites
Aramid Fiber
Materials
Producers
Composites
Other Fibers
Materials
Producers
Composites
IV. MARKETS
General
Aerospace
Aerospace Industry Outlook
High Performance Composite Demand
Commercial Airliners
Military Aircraft
Other Aerospace
Industrial & Automotive
Industrial
Motor Vehicles
Motor Vehicle Industry Outlook
High Performance Composite Demand
Pressure Vessels
Defense & Safety
Government & Defense Spending Outlook
High Performance Composite Demand
Energy
Wind Energy
Wind Energy Industry Outlook
High Performance Composite Demand
Oil & Gas
Oil & Gas Drilling Outlook
High Performance Composite Demand
Consumer
Sporting Goods
Sporting Goods Industry Outlook
High Performance Composite Demand
Marine
Recreational Boating Industry Outlook
High Performance Composite Demand
Medical & Other
Medical Products Industry Outlook
High Performance Composite Demand
Construction & Other
Construction
Nonbuilding Construction Industry Overview
High Performance Composite Demand
All Other
V. RESINS
General
Epoxy
Thermoplastics
Polyester
Phenolics
Other
VI. INDUSTRY STRUCTURE
General
Market Share
Acquisitions & Divestitures
Marketing & Distribution
Research & Development
Competitive Strategies
Cooperative Agreements
COMPANY PROFILES
Advanced Composites Group, see Umeco
AGY Holding Corporation
Albany International Corporation
Aldila Incorporated
Alliant Techsystems Incorporated
Argosy International Incorporated
Automated Dynamics
Barrday Corporation
Boeing Company
Cytec Industries Incorporated
DuPont (EI) de Nemours
Fiberforge Corporation
GKN plc
Grafil, see Mitsubishi Rayon
Hexcel Corporation
Honeywell International Incorporated
Huntsman Corporation
LCOA Composites Incorporated
Lincoln (JD), see Umeco
Mitsubishi Rayon Company Limited
Momentive Performance Materials Holdings LLC
Newport Adhesives and Composites, see Mitsubishi Rayon
OCV Reinforcements, see Owens Corning
Owens Corning
Park Electrochemical Corporation
Plasan Carbon Composites Incorporated
Polystrand Incorporated
Premix Incorporated
Royal DSM NV
Royal Ten Cate NV
SABIC Innovative Plastics, see Saudi Basic Industries
SAERTEX GmbH & Co. KG
Saudi Basic Industries Corporation
SGL Carbon SE
Spirit AeroSystems Holdings Incorporated
Teijin Limited
Toho Tenax, see Teijin
Toray Industries Incorporated
TPI Composites Incorporated
Triumph Group Incorporated
Umeco plc
Victrex plc
Vought Aircraft Industries, see Triumph Group
Zoltek Corporation
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
Macroeconomic Indicators
Personal Consumption Expenditures
Manufacturers' Shipments
Fiber-Reinforced Plastics Demand
High Performance Composite Demand, 2001-2011
High Performance Composite Pricing
World High Performance Composite Demand by Region
SECTION III -- FIBERS
High Performance Composite Demand by Fiber
Fiber Demand in High Performance Composites
Carbon Fiber Demand in Composites by Size & Process
Carbon Fiber Production Capacity by Company, Year-End 2011
Carbon Fiber High Performance Composite Demand by Market
S-Glass Fiber Demand in High Performance Composites
S-Glass Fiber High Performance Composite Demand by Market
Aramid Fiber Demand in High Performance Composites
Aramid Fiber High Performance Composite Demand by Market
Other Fiber Demand in High Performance Composites
Other Fiber High Performance Composite Demand by Market
SECTION IV -- MARKETS
High Performance Composite Demand by Market
Aerospace Equipment Shipments
Aerospace Markets For High Performance Composites by Sector, Market, &
Resin
Commercial Airliner High Performance Composite Demand by Manufacturer &
Fiber
Military Aircraft High Performance Composite Demand by Segment & Fiber
Other Aerospace High Performance Composite Demand by Segment & Fiber
Industrial & Automotive Markets for High Performance
Composites by Segment, Fiber, & Resin
Industrial High Performance Composite Demand by Fiber
Motor Vehicle Indicators
Motor Vehicle High Performance Composite Demand by Fiber
Pressure Vessel High Performance Composite Demand by Fiber
Government & Defense Expenditures
Defense & Safety Markets for High Performance Composites by Segment,
Fiber, & Resin
Energy Markets for High Performance Composites by Segment, Fiber, & Resin
Wind Energy Indicators
Wind Energy High Performance Composite Demand by Fiber
Oil & Gas Drilling Indicators
Oil & Gas High Performance Composite Demand by Fiber
Consumer Markets for High Performance Composites by Segment, Fiber, & Resin
Sporting Goods Shipments
Sporting Goods High Performance Composite Demand by Fiber
Recreational Boating Shipments
Marine High Performance Composite Demand by Fiber
Medical Products & Equipment Demand
Medical & Other Consumer High Performance Composite Demand by Fiber
Construction & Other Markets for High Performance
Composites by Segment, Fiber, & Resin
Nonbuilding Construction Expenditures
Construction High Performance Composite Demand by Fiber
All Other High Performance Composite Demand by Fiber
SECTION V -- RESINS
High Performance Composite Demand by Resin
Epoxy High Performance Composite Demand by Market
Thermoplastic High Performance Composite Demand by Market
Polyester High Performance Composite Demand by Market
Phenolic Resin High Performance Composite Demand by Market
Other Resin High Performance Composite Demand by Market
SECTION VI -- INDUSTRY STRUCTURE
US High Performance Composite Industry Sales by Company, 2011
Selected Acquisitions & Divestitures
Selected Cooperative Agreements
High Performance Composites to 2016 published by The Freedonia Group in June 28, 2012. This report consists of 240 Pages and the price starts from US $ 4900.
